Frasers Property to jointly invest $236 mil with GIC, JustCo to develop co-working platform across Asia

SINGAPORE (May 16): Frasers Property and Singapore’s sovereign wealth fund GIC are partnering with co-working space provider JustCo to jointly invest US$177 million ($236 million) to develop a co-working space platform across Asia.

The three partners’ joint investment will enable JustCo to build on its presence in Southeast Asia and expand into other Asian markets such as Greater China, Korea, Japan, Australia and India.

The investment will also support the ramping up technology solutions and enhance service offerings to facilitate collaboration and networking opportunities among its growing base of community members.

---

Related Stories

• Chuan Hup in JV with Siera Group to develop land site in Surfers Paradise
• Market takes Fed’s 3-2-3 and property curbs in its stride
• Frasers Property CIO Uten Lohachitpitaks resigns

---